Jio Platforms IPO subscribed over 22 times, valued at $107bn
MG News | October 26, 2026 at 02:13 PM GMT+05:00
October 26, 2026 (MLN): India’s biggest-ever share sale drew strong demand, particularly from institutional investors, defying the drag of a weeklong selloff in Indian equities, according to Bloomberg.
The $3.1bn initial public
offering of Jio Platforms Ltd. was subscribed more than 22 times as bidding
closed on Friday, with qualified institutional buyers leading demand.
At the top of the marketed range
of 1,065 rupees to 1,119 rupees per share, the IPO values billionaire Mukesh
Ambani’s digital and telecom business at about $107bn.
|
Details |
Figure |
|
Offering size |
$3.1bn |
|
Subscription |
More than 22 times |
|
Price range |
1,065-1,119 rupees per
share |
|
Valuation (at top of
range) |
About $107bn |
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